News Topics
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March 8, 2023
Life Time Group Holdings, Inc. (LTH) Tops Q4 Earnings and Revenue Estimates
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.07, delivering a surprise of 22.22%. Yahoo
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March 8, 2023
Study of marathoners shows running not linked to knee or hip arthritis
It's a widely held belief that running puts wear and tear on the legs, leading to arthritis down the road. But a new study from the University of California, San Francisco looked at more than 3,800 marathoners and found running itself was not linked to the development of knee or...
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March 7, 2023
Garmin becomes official timer for Schneider Electric Marathon de Paris
Garmin has become the official timer for the Schneider Electric Marathon de Paris, with the event’s 46th edition set to take place on April 2, 2023. Endurance Biz
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March 7, 2023
What running does to the knees, according to a large survey of marathon runners
The new research surveyed 3,804 recreational runners who participated in the Chicago Marathon in 2019 or 2021 with questions from how many years they’d been running and their average running paces to whether they had family histories of arthritis. It's widely believed, even among doctors, that using the joints more...
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March 7, 2023
Zwift Announces New Layoffs Reducing 15% of Workforce
Zwift has internally announced a restructuring that is resulting in a reduction of the workforce by 15%, or approximately 80 people in total. The change is largely coming out of a “fresh look” at things with Zwift’s recently added co-CEO, Kurt Beidler. Kurt came from Amazon back three months ago in...
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March 7, 2023
Dick’s Sporting Goods’ Third Straight Record Year
Dick’s Sporting Goods has pulled off a third consecutive record year. The sporting goods giant topped itself yet again with full-year net sales of $12.37 billion, a 0.6% year-over-year increase and a 41.3% increase from 2019. Net income for the year fell to $1 billion from $1.5 billion in 2021....
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March 6, 2023
What Does It Take to Design an Inclusive Running Race?
These days, runners and event organizers are more aware of how inaccessible the sport can be. Following the murder of Armaud Arbery—the 25-year-old Black jogger who in 2020 was chased and fatally shot by three white men in Brunswick, Georgia—athletes, media and members of the running industry have engaged in...
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March 6, 2023
Brooks, Asics, Nike & More Major Running Brands Are Tuning Into #RunTok on TikTok — Here’s Why
With nearly 1 billion views on TikTok, the growing community of #RunTok is fueling the running world all thanks to every day creators — and brands are taking notice. FN
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March 3, 2023
‘Astonishing’: Cyclists now outnumber motorists in City of London
According to Forbes, a detailed report has been filed to the transportation committee of the City of London Corporation, the municipal governing body of London’s square mile, which suggests at peak times, people cycling represent 40% of road traffic in the city and 27% throughout the rest of the day. Cycling...
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March 3, 2023
Xponential Fitness Revenue Surges 58%
Xponential Fitness, which claims it’s the largest global franchisor of boutique fitness brands, reported a 44% year-over-year increase in fourth-quarter revenue to $71.3 million and a 58% increase in full year revenue to $245 million. The company posted a net loss of $400,000 for the three months that ended Dec....
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March 3, 2023
Cycling journalists form Escape Collective following layoffs, exodus from Outside
In its first 24 hours of selling $99-a-year memberships, the Escape Collective has enlisted thousands of subscribers, said Caley Fretz, a Durango-based cycling journalist who co-founded the new venture with editor Wade Wallace, who founded the influential Cycling Tips in 2008 and left his creation last year. The Colorado Sun
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March 2, 2023
Should the bike industry fear a takeover from the auto industry?
The number of brands and bike models and sizes per brand is mind boggling. There is a lot of change every season and trends come and go fast. With this setup, the effort for one bike model will naturally be lower than for a car model that will be in...
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March 2, 2023
Netflix Unveils First Trailer for Tour de France Series
The trailer debuted during a keynote from Netflix Co-CEO Greg Peters during Barcelona’s Mobile World Congress this week. Escape Collective tweeted out the trailer on Tuesday, which you can watch below. The series is titled Tour de France: Unchained in the U.S., and will likely air this summer, shortly before the 2023...
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March 2, 2023
Running’s Media Rules Keep Its Fan Base Small
Last month, the upstart running media brand New Generation Track and Field posted a 12-minute video on its YouTube channelfeaturing sprint phenom Abby Steiner, who was in New York City for the 2023 Millrose Games. Most of the footage shows Steiner in the days and hours before the meet: We...
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March 1, 2023
Got 11 minutes? A daily brisk walk could lower risk for early death.
Walking for at least 11 minutes every day could lower your risk of premature death by almost 25 percent, according to the largest study to date of physical activity, disease risk and mortality. Published in the British Journal of Sports Medicine, the ambitious study analyzed health data for more than...
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March 1, 2023
Fast-growing e-bike company Velotric raises $7.4M USD Series A
Velotric, a leading innovator in the electric bike market, announced today that it has successfully raised a $7.4 million USD Series A round, bringing the total raised to $12 million USD in its first year. Funding has come from Redpoint China Ventures, Fosun RZ Capital, Uphonest Capital, and Lime Cofounders...
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February 28, 2023
Americans have changed the way they exercise. Here’s how gyms are adapting
Post-pandemic, the surge in the popularity of weight training has helped the gym industry recover. The number of gym memberships in the United States increased 3.6% in 2021 from pre-pandemic levels, according to the latest data from IHRSA, a trade association for the fitness industry. CNN
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February 27, 2023
Exercise Is Top Treatment for Depression, Anxiety: Study
People in a study who engaged in physical activity routines for up to 12 weeks were 1.5 times more likely to see improvement in depression, anxiety, or psychological distress compared to people who were treated with therapy or leading medications. The findings should encourage medical providers to look to physical...
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February 26, 2023
Multiple people wounded after Cameroon marathon bombing
More than a dozen people were injured on Saturday during a series of explosions that went off at the start of the Mount Cameroon Race of Hope. An English-speaking separatist group claimed responsibility for the attack. The Race of Hope is an annual event held in Buea, a city in...
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February 26, 2023
Jury says Princeton Carbon Works wheels don’t infringe on SRAM’s patents
Princeton Carbon Works prevailed after a two-week jury trial in which SRAM LLC had accused the company of infringing on two patents for aero wheels. In its complaint filed in the U.S. District Court for the Southern District of Florida nearly two years ago, SRAM said that the wavy rim shape on...
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February 24, 2023
Apple Watch Running Track Mode Expands To More Countries
Apple has expanded their Apple Watch running track mode to more countries. This mode will automatically detect the running track as you step onto the track, offering to enter/trigger track mode (assuming you’re in the workout app). Further, the mode automatically knows how many running lanes are at each track. The...
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February 24, 2023
Garmin reports 71% profit fall in cycling and fitness business as pandemic bubble bursts
Leading US tech brand Garmin has reported a 71% drop in operating profit across its cycling and fitness division in 2022 as the pandemic bubble burst, the company's annual report said. Published on Wednesday, the company's final report for the 2022 fiscal year shows that operating income was $105m from...
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February 24, 2023
E-bike conversion brand Boost secures six-figure investment
British e-bike conversion brand Boost has closed its latest funding round after securing a six-figure investment. Boost, founded by Cambridge engineer Nick Bailey, is an aftermarket conversion kit brand that works directly with retailers. Bikebiz
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February 23, 2023
Lesley Paterson competed in triathlon despite excruciating pain from broken shoulder to fund BAFTA-winning movie
The story goes that in 2016, Paterson crashed her bike and broke her shoulder just one day before she was to compete in a triathlon. She needed to win the event in Costa Rica to use the winner’s cheque for making the movie. A gruelling event, the triathlon requires an...
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February 23, 2023
Planet Fitness’ Q4 Tops Wall Street Targets
Planet Fitness, Inc. reported fourth-quarter profits more than doubled, beating expectations and forecasted an upbeat full-year outlook following strength in its December national sales, which helped to drive “record membership growth.” Excluding nonrecurring items, adjusted earnings per share increased to 53 cents, topping Wall Street’s consensus estimate of 47 cents....